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Tata Steel to seek Government help to save Corus jobs

Indias largest steel maker Tata Steel is seeking Government assistance in the UK and the Netherlands to help cut working hours at its Corus subsidiary as the group tries to cope with the economic downturn.Tata Steels finance director, Kaushik Chatterjee, said the company would save £100 million this year from rationalisation in the UK and Europe, including a reduction in working hours, according to a report in the Financial Times (December 3).The FT ...